A post by @FirstSquawk on X.
THE DOJ IS TO SEIZE $1.2 BLN WORTH OF CRYPTOCURRENCY STOLEN FROM BINANCE, REPORTING ACTIONS TO DISRUPT NORTH KOREA’S CRYPTOCURRENCY THEFT
@FirstSquawk on X
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The U.S. Department of Justice is set to seize roughly $1.2 billion in cryptocurrency stolen from Binance, according to reporting cited by First Squawk. The action is framed as part of a broader effort to disrupt North Korea’s cryptocurrency theft operations. The seizure targets funds traced to Binance, one of the largest crypto exchanges by trading volume. It matters because the move signals continued enforcement pressure on illicit crypto flows tied to state actors. What to watch next is whether the DOJ confirms the seizure and details which tokens and chains are involved.
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Named in this story
DOJ, Binance, North Korea, Cryptocurrency